KITCHENER, ON, June 2, 2022 – PEER Group, a Kitchener-based supplier of innovative semiconductor factory automation products, has announced the opening of a new 4,000 sq. ft. office in the heart of downtown Toronto.

Opening the new office is part of a planned growth strategy that will see the technology company hire 40 new employees from the GTA by the end of 2022 while strengthening its presence along the Toronto-Waterloo Corridor.

PEER Group employees working out of the Toronto office will receive the same benefits and options as those working in Kitchener, including a hybrid work model, flex hours, comprehensive benefits plan, expert mentorship, personal development and career opportunities, profit sharing, and more.

Demand for PEER Group’s products and solutions, which are deployed in the world’s leading semiconductor factories, has skyrocketed in recent years. This is in part due to the global chip shortage affecting several technology industries. PEER Group’s software helps chip makers meet industry standards and optimize manufacturing through automation, leading to an increase in production output.

“The semiconductor industry is experiencing monumental growth that will continue into the foreseeable future,” says Mike Kropp, PEER Group’s CEO and president. “Establishing a footprint in Toronto will let us meet this demand by taking full advantage of the immense talent that exists along the Toronto-Waterloo Corridor while supporting our employees’ preference for an urban or suburban work environment.”

Located at 220 King St. W., inside a refurbished early twentieth century heritage building, the brick-and-beam office features meeting and conference rooms, collaboration spaces, a wellness room, pantry, and an open-style workspace. Situated on the edge of Toronto’s famed Entertainment and Financial Districts, the office is easily accessible via public transit and is within walking distance to Union Station, restaurants, parks, entertainment venues, and more.

Founded in 1992, PEER Group has grown to become the leading supplier of semiconductor factory and equipment automation software. Throughout three decades of business, PEER Group has won several industry and workplace awards, including Intel’s 2022 EPIC Program OUTSTANDING Award, which is given to a handful of high-performance companies that are part of Intel supply chain.

PEER Group is also an 11-time recipient of Canada’s Best Medium-sized Workplaces award issued by Great Place to Work® Canada, as well as being recognized as a Great Place to Work for Women, Inclusion, Millennials, Mental Wellness, and Giving Back, among other categories.

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About PEER Group

PEER Group® is a leading supplier of innovative factory automation software products for the semiconductor industry. Since 1992, our solutions have helped the world’s most advanced OEMs and factories reduce time to market and lower costs by solving their equipment automation, data management, and process control problems. A multi-award winning company, PEER Group has been named a Best Workplace by Great Place to Work Canada 10 times, and most recently was one of six recipients of Intel’s 2022 EPIC Outstanding Supplier Award, which recognizes the absolute top performers in the Intel supply chain. Follow PEER Group on LinkedIn and Twitter at @peergroup_inc.